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  Valued at US$ 4 Billion in 2021, the target market is set to reach an estimated US$ 4.2 Billion by the end of 2022.  An upsurge in the consumption of oil as well as other non-renewable energy fuel sources will drive the target market during the forecast period. The global  refinery process chemicals industry  is anticipated to reach a valuation of US$ 6.2 Billion in 2032, with the market growing at an average CAGR of 4% from 2022 to 2032. Crude oil experiences a series of different complex processes such as reformation, alkylation, cracking, desulfurization, and hydrotreating, among others, to yield a variety of in-demand products that find extensive usage across diverse industry verticals as well as in household purposes. The refining processes of crude oil are complex and include the usage of several chemicals at different steps in order to ensure superior quality of the end products. Owing to high demand and large-scale usage of...

  In a recent market analysis by Future Market Insights, the global market for  Airbag Propellant Chemicals  is projected to attain a value of US$ 11,273.1 Million by 2032, showcasing a robust CAGR of 5.4% from 2022 to 2032. This growth is attributed to the surge in demand for safe automobiles, ushering in an era of technological innovations in airbag development. The pivotal role of airbag propellants in enhancing vehicle safety cannot be overstated. These chemicals play a crucial role in inflating airbags precisely when needed, ensuring optimum protection for occupants in the event of a collision. The four primary propellant types—sodium azide, potassium nitrate, ammonium perchlorate, and tetrazoles—offer diverse options for achieving the desired airbag deployment characteristics. One of the key drivers for the rising demand for airbag propellant chemicals is the global increase in automobile production. Developing economies, in particular, are witnessing a surge in...

  The global  phenolic boards market  was worth US$ 3.5 Billion in the year 2022 and is expected to reach US$ 5 Billion by the year 2032 at a CAGR of 3.63% between 2022 and 2032. Phenolic panels/compact phenolic panels (better known as phenolic boards) could be referred to as plates comprising a core made up of resin and thermosetting, high-density cellulose fibers. Different materials of several furnishes are used over the compact core. They are inclusive of wood panels, laminates, and likewise. The exclusive coating does give phenolic panels exclusive protection against moisture. They are generally used for manufacturing furniture and various other wooden objects to be used in toilets, bathrooms, and changing rooms. Cabins could be made from phenolic panels for showers, toilets, and likewise. Lockers could be made from phenolic panels for public areas and changing rooms. Countertops could be made from phenolic boards to serve overmounted basins. Benches in changing ...

  The global  piroctone olamine market  is estimated to reach  US$ 73 Million  in 2022. With sales growing at a  6.5% CAGR  over the forecast period, the market size is projected to reach  US$ 137.1 Million  by 2032. According to a study, almost 50% of the adult population across the globe is suffering from dandruff problems. Despite the wide applications of piroctone olamine in hair care products, however, the ingredient is very expensive and there are many cheaper alternatives available in the market. High product cost hinders small and medium-sized cosmetic manufacturers to use piroctone olamine in their products and shift towards cheaper alternatives, which is expected to hinder sales in the market. “Rising demand for anti-dandruff solutions such as shampoos, oils, creams, along with increasing incorporation of piroctone olamine in anti-acne products will augment the growth in the market over the forecast period,”  says...

  The global  deicing fluid market size  was worth US$ 5.3 Billion in the year 2022 and is expected to reach US$ 8.8 Billion by the year 2032 at a CAGR of 5% between 2022 and 2032. Deicing fluids come across as critical chemicals used in the aviation vertical in cold climates around the world. Growing demand for such fluids is accelerating the deicing fluid market. They are categorized as Type I, Type II, Type III, and Type IV on the basis of their composition chemicals, and physical qualities. This could be credited to growing awareness about the product, continued expansion of the aviation sector, increasing freight carrying through airways, and rising number of strategic partnerships.  Both – governments and private sectors are extending support to the deicing fluid market for having the aviation vertical in shape. Deicing fluids constitute glycols, salts, and alcohol. They do reduce water’s freezing point. Mechanical deicing procedures constitute pressing and...

  The  magnesium carbonate mineral market  is witnessing significant disruptions in the supply chains of major regional markets. Uncertainty over capital markets and the impact of the pandemic on the global economy is likely to hit the industry in the short term. The magnesium carbonate minerals market is projected to cross a value pool of US$ 689.0 Million by the end of 2022. Widespread critical applications of magnesium carbonate minerals in construction, personal care, and medicine will aid in the recovery of demand following the end of the pandemic. Demand for magnesium carbonate minerals to reach US$ 1,029.0 Million between 2022 and 2030, as projected by a new Future Market Insights (FMI) study. “Pharmaceutical, medical, and personal care industries are in fact gaining the momentum as a result of COVID-19 pandemic. This would result in multiple changes over the coming years, and the market will witness demand growth,”  says the FMI Analyst. Request Sample Re...

  The global  Rodent Control Pesticides market  is valued at  US$ 5.6 Billion  in 2021 and is expected to reach  US$ 11.6 Billion  by 2032, expanding at a CAGR of  6.8%  between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence provider, global rodenticide consumption has increased at a CAGR of roughly  6.3%  over the last half-decade. The increased incidence of transferrable illnesses such as Hantavirus infection, plague, and Lassa fever, which impacts humans, the environment, and wildlife, have been the key factors spurring the sales of Rodent Control Pesticides worldwide. There has been widespread consumption growth for rodent control products in residential, commercial, and industrial settings in the recent past. Owing to the surge in demand, the market participants are working towards the launch of new products to efficiently reduce the rodent population. The growin...

  The global  lithium mining market  is anticipated to accrue a value of US$ 3.4 billion in 2032, as opposed to a valuation of US$ 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and ceramic manufacturing and the emergence of electronic vehicles that augment the demand for lithium-ion batteries facilitate the growth of the lithium mining market. The ongoing technological innovations and widespread lithium use in air treatment also drive the expansion of the lithium mining market size during the forecast period. The shift witnessed in the design and advancement of battery technology along with concerns regarding the decline in fossil fuels will likely stimulate market growth for lithium mining. The fall in the availability of fossil fuels, rising carbon emissions, and emphasis on alternative sources of power encourage greater lithium mining. As it is estimated ...

  The  gold plating chemicals market  is securing a valuation of US$ 467.1 million in 2023 and is anticipated to rise to US$ 703.8 million by 2033. The market is registering a CAGR of 4.5% during the forecast period. Trends in the Global Gold Plating Chemicals Market The increasing demand for gold plating chemicals in the electronics industry, particularly in consumer electronics manufacturing, is fueling the market trend. Gold plating enhances connectors’ and other electronic components’ electrical conductivity and durability. Another factor contributing to the growth of the gold plating chemicals market is the rising demand for jewelry and other luxury items. Gold plating is a popular method of adding a layer of gold to items made from other materials such as silver, brass, or nickel. In terms of trends, there is a growing interest in developing eco-friendly gold plating chemicals that are less harmful to the environment and human health. It is driven by increas...

  As per a detailed survey conducted by FMI, the global  sailcloth market size  totaled US$ 400 Million in 2020. The versatility of sailcloth and consequent applications in manufacturing rucksacks, backpacks, and others is propelling the demand in the market. In response to this, the sailcloth market is projected to surpass US$ 500 Million in the next five years. A swift increase in marine automotive vehicles such as yachts, sailboats, and others is witnessed owing to the ongoing trend of luxury traveling and recreational activities. According to a report by the National Marine Manufacturers Association, around 4,800 new sailboats were sold across the US alone in 2019. This rise in sales of marine vehicles is expected to propel the demand for all its components including sailcloth in the coming years. Increasing number of water sports events such as sailboat championships, sailing shows, and yachts racings organized in counties such as Br...